Filing Details

Accession Number:
0000950170-24-059993
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-05-15 06:15:08
Reporting Period:
2024-05-14
Accepted Time:
2024-05-15 06:15:08
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1721386 Landsea Homes Corp LSEA Operative Builders (1531) 822196021
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1840469 Landsea Holdings Corp 530 Lytton Ave., 2Nd Floor
Palo Alto CA 94301
No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2024-05-14 4,100,000 $6.00 12,840,729 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. Shares were transferred on May 14, 2024 by Landsea Holdings Corporation ("Landsea Holdings") to Ever Fast Holdings Limited, a designee of 1103849 B.C. Ltd, a British Columbia Corporation, pursuant to the Payment Agreement Regarding Credit Agreement and Loan Documents dated May 10, 2024 (the "Payment Agreement"), entered into by Landsea Holdings as the borrower, and 1103849 B.C. Ltd, a British Columbia Corporation, as the lender (the "Lender") in order to fulfill its outstanding obligations due on May 12, 2024 under the Credit Agreement dated May 12, 2022 between Landsea Holdings and the Lender by transferring 4,100,000 shares at a price of $6,00 per share among 4,838,710 shares of Common Stock of Landsea Homes Corporation (the "Issuer") pledged by Landsea Holdings to the Lender as collateral under the Credit Agreement.